Picasso's never-before-seen ceramic work will be auctioned as NFT
Heirs of Pablo Picasso are vaulting into 21st-century commerce by selling 1,010 digital art pieces of one of his ceramic works that has never before been seen publicly. Sotheby's is hosting an auction in March that will include a unique NFT as well as the actual ceramic bowl. A first-phase, online sale of more than 1,000 other NFTs starts Friday, Jan. 28, 2022, through the Nifty Gateway (https://niftygateway.com/) and Origin Protocol (https://www.originprotocol.com/ru/) platforms. Some of the proceeds will be donated.
According to CBS News, Picasso's granddaughter, Marina Picasso, and her son Florian Picasso looking to cash in on and ride a wave of interest in non-fungible tokens, which have netted millions for far-less-known artists and been criticized by some as environmentally costly get rich schemes.
"We're trying to build a bridge between the NFT world and the fine art world. I think it fits within Picasso's legacies because we are paying tribute to him and his way of working, which was always being creative"Florian Picasso, the artist's great-grandson
During an exclusive interview for AP News the artist's descendants are showing only a sliver of the underside of the work linked to the NFTs, a ceramic piece about the size of a large salad bowl. The exposed parts show forms like a thick yellow line, a dribbling green splotch, and a brushed-on number "58" at the base. Marina Picasso says the cherished pottery piece dates to October 1958, when she was a child.
"It's a work that represents a face, and it's very expressive. It's joyful, happy. It represents life … It's one of those objects that have been part of our life, our intimate lives — my life with my children"Marina Picasso, the artist's granddaughter
Some of the proceeds will be donated. According to Yahoo Finance, one portion to a charity that aims to help overcome a shortage of nurses, and another to a nongovernmental organization that wants to help reduce carbon in the atmosphere. The NFTs will also come with music put together by Florian Picasso, who is a DJ and music producer, along with songwriter John Legend and rapper Nas.